Shandong Rikochemical Co., Ltd. plans to acquire 70.75% of Shandong Yuanxin New Materials Co., Ltd. through share issuance and cash payment. The company expects this transaction to constitute a major asset restructuring but not a restructuring listing, as control will not change. A detailed analysis will be provided in the restructuring report.
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Shandong Rikochemical Co., Ltd. Board of Directors' Statement on Whether the Transaction Constitutes a Major Asset Restructuring and a Restructuring Listing
Shandong Rikochemical Co., Ltd. (hereinafter referred to as the "Company") plans to acquire 70.75% of the shares of Shandong Yuanxin New Materials Co., Ltd. (hereinafter referred to as "Yuanxin New Materials") through the issuance of shares and payment of cash, and to raise supporting funds (hereinafter referred to as the "Transaction").
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